Appendix Table 26: The Impact of Potential OASI Reforms on Average Benefits Women (r=5%) Quintile of Average Benefits Lowest Middle Highest All Birth Cohort 1945-49 0 Current Rules 3877. 8614. 16890. 8433. 1 38% Tax Hike Beginning in Year 2000 3877. 8614. 16890. 8433. 2 25% Benefit Cut Beginning in Year 2000 2911. 6552. 12735. 6352. 3 Acclerated Increase in NRA 2892. 6838. 13875. 7033. 4 CPI Indexing of Covered Earnings 3514. 7891. 15965. 7807. 5 Indexing Benefits by CPI Minus 1% 3502. 7683. 15134. 7427. 6 Stabilize Real Per Capita Benefits 3420. 7651. 14958. 7459. 7 Freeze Bend Points in Real Terms 3758. 8377. 16179. 8142. 8 Eliminate Earnings Ceiling 3878. 8652. 18608. 8708. 9 Eliminate Earnings Ceiling w/o Benefit Change 3877. 8614. 16890. 8433. 10 Increase Computation Years from 35 to 40 3669. 8261. 16429. 8089. Birth Cohort 1970-74 0 Current Rules 3740. 9302. 20156. 9690. 1 38% Tax Hike Beginning in Year 2000 3740. 9302. 20156. 9690. 2 25% Benefit Cut Beginning in Year 2000 2825. 6998. 15159. 7294. 3 Acclerated Increase in NRA 3017. 7703. 17539. 8360. 4 CPI Indexing of Covered Earnings 3314. 8491. 19054. 8881. 5 Indexing Benefits by CPI Minus 1% 3408. 8216. 17757. 8469. 6 Stabilize Real Per Capita Benefits 2291. 5724. 12383. 5962. 7 Freeze Bend Points in Real Terms 3398. 8327. 17467. 8543. 8 Eliminate Earnings Ceiling 3743. 9399. 28031. 11034. 9 Eliminate Earnings Ceiling w/o Benefit Change 3740. 9302. 20156. 9690. 10 Increase Computation Years from 35 to 40 3505. 8949. 19808. 9326. Birth Cohort 1995-00 0 Current Rules 4892. 12154. 25461. 12108. 1 38% Tax Hike Beginning in Year 2000 4892. 12154. 25461. 12108. 2 25% Benefit Cut Beginning in Year 2000 3673. 9167. 19129. 9107. 3 Acclerated Increase in NRA 3971. 10193. 22383. 10417. 4 CPI Indexing of Covered Earnings 4301. 11102. 23914. 11092. 5 Indexing Benefits by CPI Minus 1% 4406. 10801. 22551. 10638. 6 Stabilize Real Per Capita Benefits 1219. 3129. 6606. 3116. 7 Freeze Bend Points in Real Terms 4072. 10008. 20112. 9692. 8 Eliminate Earnings Ceiling 4896. 12308. 34217. 13586. 9 Eliminate Earnings Ceiling w/o Benefit Change 4892. 12154. 25461. 12108. 10 Increase Computation Years from 35 to 40 4593. 11667. 24988. 11647. ____________________________________________________________________________ Source: Author's calculations.